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Thursday, May 15, 2008

PKX - Follow Up

POSCO (PKX) has broken out as I thought it would. Unfortunately for me, it went without me as I was waiting on the volume to come in. In retrospect I should have picked up 1/2 a position or so when it broke through as there was a good likelihood that the volume would eventually come and when it did it'd ramp. The stock is in no man's land now so I have to wait for a bit of a base or a pullback before getting in at this point.

4 comments:

upsidetrader said...

johnson
i sent you a twitter reply but I am having problems with it-but thanks

Darwin said...

Thx for the original heads up as I picked up some june 140's last week..and was waiting for the volume as well to add to my position. Also like the similar pattern in MBT which you mentioned the other day. Keep up the great work!

Darwin said...

Johnson, Thx for PKX and MBT! thx for your hard work, have a grt weekend...

Johnson's Blog said...

Anytime Darwin - glad you grabbed a couple of the winners - you have a great weekend too. Mine is going to filled with garage sales and softball.